Commerce Bank decreased its position in shares of Westar Energy, Inc. (NYSE:WR) by 3.2% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 48,094 shares of the utilities provider’s stock after selling 1,609 shares during the quarter. Commerce Bank’s holdings in Westar Energy were worth $2,386,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of WR. Capstone Asset Management Co. grew its stake in shares of Westar Energy by 1.3% during the 2nd quarter. Capstone Asset Management Co. now owns 12,252 shares of the utilities provider’s stock worth $650,000 after acquiring an additional 160 shares during the period. Mn Services Vermogensbeheer B.V. grew its stake in shares of Westar Energy by 508.5% during the 2nd quarter. Mn Services Vermogensbeheer B.V. now owns 23,062 shares of the utilities provider’s stock worth $1,223,000 after acquiring an additional 19,272 shares during the period. LS Investment Advisors LLC grew its stake in shares of Westar Energy by 16.6% during the 2nd quarter. LS Investment Advisors LLC now owns 16,157 shares of the utilities provider’s stock worth $857,000 after acquiring an additional 2,297 shares during the period. Aperio Group LLC grew its stake in shares of Westar Energy by 3.7% during the 2nd quarter. Aperio Group LLC now owns 96,690 shares of the utilities provider’s stock worth $5,127,000 after acquiring an additional 3,484 shares during the period. Finally, State Treasurer State of Michigan grew its stake in shares of Westar Energy by 1.4% during the 2nd quarter. State Treasurer State of Michigan now owns 58,550 shares of the utilities provider’s stock worth $3,104,000 after acquiring an additional 800 shares during the period. Institutional investors own 73.19% of the company’s stock.

Several research firms have recently weighed in on WR. Bank of America Corporation began coverage on Westar Energy in a research note on Tuesday, October 24th. They set a “buy” rating and a $57.00 price target for the company. Zacks Investment Research upgraded Westar Energy from a “sell” rating to a “hold” rating in a research note on Thursday, October 12th. J P Morgan Chase & Co set a $58.00 price target on Westar Energy and gave the stock a “buy” rating in a research note on Thursday, October 12th. Wells Fargo & Company upgraded Westar Energy from a “market perform” rating to an “outperform” rating and set a $55.00 price target for the company in a research note on Monday, October 2nd. Finally, BidaskClub upgraded Westar Energy from a “sell” rating to a “hold” rating in a research note on Saturday, August 5th. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $55.75.

Shares of Westar Energy, Inc. (NYSE WR) traded down $0.48 during midday trading on Friday, reaching $55.42. The company’s stock had a trading volume of 668,738 shares, compared to its average volume of 741,294. Westar Energy, Inc. has a fifty-two week low of $49.20 and a fifty-two week high of $57.50. The company has a current ratio of 1.07, a quick ratio of 0.65 and a debt-to-equity ratio of 0.97. The company has a market cap of $7,810.00, a P/E ratio of 23.02, a P/E/G ratio of 6.69 and a beta of 0.41.

Westar Energy (NYSE:WR) last issued its earnings results on Tuesday, October 31st. The utilities provider reported $1.11 EPS for the quarter, missing the consensus estimate of $1.20 by ($0.09). Westar Energy had a return on equity of 8.94% and a net margin of 13.32%. The company had revenue of $794.33 million during the quarter, compared to the consensus estimate of $773.96 million. During the same quarter in the prior year, the business earned $1.09 EPS. The firm’s revenue for the quarter was up 3.9% compared to the same quarter last year. equities research analysts predict that Westar Energy, Inc. will post 2.44 EPS for the current fiscal year.

In other Westar Energy news, SVP Greg A. Greenwood sold 8,100 shares of the firm’s stock in a transaction dated Friday, November 3rd. The stock was sold at an average price of $53.92, for a total value of $436,752.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, VP Kevin L. Kongs sold 2,000 shares of the firm’s stock in a transaction dated Wednesday, November 8th. The stock was sold at an average price of $54.06, for a total value of $108,120.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 55,100 shares of company stock valued at $2,991,312. 0.70% of the stock is owned by corporate insiders.

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Westar Energy Company Profile

Westar Energy, Inc is an electric utility. The Company provides electric generation, transmission and distribution services. The Company provides these services in central and northeastern Kansas, including the cities of Topeka, Lawrence, Manhattan, Salina and Hutchinson. Its subsidiary, Kansas Gas and Electric Company (KGE), provides these services in south-central and southeastern Kansas, including the city of Wichita.

Institutional Ownership by Quarter for Westar Energy (NYSE:WR)

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